A currency manipulator, like asking to visit and inventory your own gold held in a Federal Reserve bank, ya mean? Like that kind of manipulator?
posted on 11/28/2012 3:51:15 PM PST
(Democrats--the party of Evil. Republicans--the party of Stupid.)
No surprise the Fed believes Germany is a currency villain because they can afford more stimulus and they're refusal is making the Keynesian economies look bad. It really is a race to the bottom.
posted on 11/28/2012 3:54:50 PM PST
Who are they kidding??
Our government and Federal Reserve are the only villains and the zombie sheeple
posted on 11/28/2012 4:35:06 PM PST
Wonder how many welfare moochers are in Germany?
posted on 11/28/2012 4:37:21 PM PST
by Happy Rain
(Obama is Lucifer's Evil Twin)
Whenever you hear about Country A complaining about the trade surpluses in Country B, you can be sure that Country A is inflating its currency like mad [it's inflation that causes trade deficits] and wants Country B to follow suit just to make things "fair".
Germany has maintained a trade surplus for decades because its monetary policy has held inflation to a much lower level than virtually everyone else. Japan enjoyed the same situation till recently when it caved and started printing Yen till Hell won't have them. Ditto China.
It's kind of funny.
The complaining country never comes right out and asks for currency debasement [which inflation is] but insists that the offending country "develop its domestic market" which is a real hoot because inflating the currency and encouraging a trade deficit causes just the opposite -- consumers buy more from abroad where it's cheaper.
posted on 11/28/2012 4:42:30 PM PST
(Workers and consumers are, of course, identical.)
German has to work hard and export without consuming. If the Germans consumed everything they produced, how would 11 million Greeks survive?
posted on 11/28/2012 5:50:34 PM PST
(Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
sounds like the German Bankers haven’t attended the “right schools”....you know ..the same ones as the New York and London bankers...who know exactly what they’re doing...
posted on 11/28/2012 6:03:55 PM PST
(If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
Yet the countries still cleave to fiscal austerity policies that constrict internal demand.
I wonder if we can implement the same here. What are these policies?
posted on 11/29/2012 12:13:21 AM PST
(**Marriage is about commitment, cohabitation is about convenience.**)
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